Tuesday, August 26, 2014

COSMOTE Romania, the largest multinational mobile operator in the Balkans, picked ZTE to upgrade its existing 2G/3G network and build a new LTE network in southern Romania. The deal is expected to require construction of more than 3,000 base stations, reinforcing ZTE's leading place in the European LTE market. Financial terms were not disclosed.

Based in Greece, COSMOTE Group has its major operations in South Eastern European countries, including Greece, Albania and Romania. Deutsche Telekom is the largest of its shareholders, holding 40 percent of shares in Greece’s OTE Group.

In 2012, COSMOTE Romania won the auction for the 25M 1800M and 10M 2600M LTE spectrums and planned to launch LTE services in the hope of better customer experience and competitiveness.